Receive Breaking News updates as they occur
By Barani Krishnan NEW YORK (Reuters) - Oil prices roared back from six-year lows on Friday, rocketing more than 8 percent as a record weekly decline in U.S. oil drilling fueled a frenzy of short-covering. In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than $53 per barrel, its highest in more than three weeks in its biggest one-day gain since 2009. The late-session surge was primed by Baker Hughes data showing the number of rigs drilling for oil in the United States fell by 94 - or 7 percent - this week.
PHILADELPHIA (AP) — House Democratic Leader Nancy Pelosi is still peeved over Republicans' decision to ask the leader of Israel — an archenemy of Iran — to address Congress in March right in the middle of delicate negotiations with Tehran over its nuclear program.
By Stephen Kalin BAGHDAD (Reuters) - Islamic State militants struck at Kurdish forces southwest of the Iraqi city of Kirkuk on Friday, while bombs in Kirkuk, Baghdad, Samarra and Ramadi killed at least 27 people. The Sunni Islamists have often battled Iraqi security forces and Shi'ite militias further south and west, but attacks in and around Kurdish-controlled Kirkuk have been less frequent. Kurdish military sources said the peshmerga had repelled dawn attacks by Islamic State at different points along a more than 1,000 km frontline, including Khazer, west of Arbil, and Makhmur, further south. "Maybe they are afraid the fight for Mosul has started so they are trying to show they can operate close to Arbil or Kirkuk," Roj Nuri Shaways, Iraq's deputy prime minister and a peshmerga commander, told Reuters.